The Silver Legacy Resort in Reno is Set for a Major Upgrade

Reno Nevada

Caesars Entertainment has been busy over the past few years. This massive casino company is working hard to renovate some of its most popular gambling venues. New reports claim that the Silver Legacy Resorts in Reno, owned by Caesars, is set for a major upgrade in the near future.

It’s great news for residents and tourists with trips planned to Reno. Today, we’ll talk about what is being planned for this property. We’ll also look at some of the other plans for Nevada in the future.

Here’s what we know!

Caesars Entertainment Continues Working to Expand

The past ten months have been extraordinarily difficult for major US casino companies. Despite that fact, Caesars Entertainment has been working extremely hard to expand its operations. It seemed to begin after the company’s huge merger with Eldorado Resorts.

This was one of the biggest moves for the US casino industry in history. Eldorado paid an astounding $17.3 billion to acquire this company. That makes it the largest casino company purchase to ever take place in the country.

In order to push this deal forward, Caesars and Eldorado were forced to sell many of their casinos around the country. That includes several in Atlantic City. The money earned from these sales helped the newly-merged company cover costs associated with the deal.

Officials within Caesars haven’t slowed down since this merger. Last year, news broke that the company had agreed to purchase William Hill. This gives Caesars a massive new hold over the US sports betting industry.

Caesars has always been a huge player in the US casino industry. It’s quickly becoming one of the most powerful gambling companies in the world now. Many expect more major deals to be announced with this company over the next few years.

As many know, Caesars Entertainment owns a major gaming property in Reno. It now appears the company is planning a major renovation for this venue.

A Renovation is Being Planned for the Silver Legacy Resort in Reno

Reno is a popular gambling and tourist destination in northern Nevada. It’s a fun city filled with several world-class gambling venues. Like other US casino hubs, Reno has been facing a steep decrease in tourism and revenue throughout the past year.

Some feel that things are set to improve here soon, though. Several analysts claim that with effective vaccine distribution, Reno could quickly see a steep increase in its tourism numbers. That’s great news for the casino companies operating here.

You can add Caesars Entertainment to that list. This company operates the Silver Legacy Resort in Reno, which first opened its doors in 1995. This week, Caesars announced that it is planning an astounding $47 million renovation for this venue.

Silver Legacy Regional President and General Manager Glenn Carano spoke to the media about the company’s plans this week.

“We want to give guests a visit to remember when they stay with us at Silver Legacy,” he said. “Part of that memorable experience includes one of the most important elements to a trip: the hotel accommodations.”

Caesars wouldn’t be making this move unless they felt it would be profitable. It’s clear that the company feels that Reno will soon begin seeing a large increase in visitors. Some of the expected renovations for Silver Legacy Resort can be seen below.

  • Installing new hardwood furniture.
  • Updated window treatments and drapery.
  • Renovations of the bathrooms with new tile.
  • Replacing the carpets and flooring.
  • Installing new art and decor pieces.
  • Self-serve coffee makers, updated lounge seating and flat-screen, high-definition televisions.

This renovation process should be completed sometime in the near future. We’ll continue offering updates over the next few months!

When Will Tourism Rates Begin to Increase in Las Vegas

There has been a huge amount of attention placed on the Las Vegas economy over the past year. 2020 proved to be devastating for this city. That’s almost entirely due to the significant drop in tourism here.

Casinos are doing everything they can to boost the city’s tourism rates. It’s much easier said than done, though. Many are now cautiously optimistic that the city will finally begin seeing large numbers of tourists coming later this year.

Much like Reno, Las Vegas is relying on vaccines to help with things. It seems likely that this would help the entire country’s travel industry. Anything is possible, however, and casino owners are now getting ahead of themselves.

In the past, Las Vegas saw approximately 40 million visitors every single year. Will 2021 bring about those kinds of numbers? Probably not.

If everything goes according to plan, we could begin seeing a major improvement by the time summer rolls around. This is generally the most popular time for visitors to enter the city. Hopefully, we see that trend begin around this time.

Are you excited to see the renovations at the Silver Legacy Resort in Reno? Let us know in the comments section below!

Caesars’ Clears Antitrust Period For William Hill Takeover

Caesars Entertainment Logo
Caesars Entertainment announced on Monday that it has cleared the federal anti-trust waiting period for its pending $3.7B purchase of U.K. based online bookmaker William Hill.

The waiting period is a period of time when mergers and acquisitions are examined for potential antitrust issues and conflicts. It is also a requirement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. On Monday, the Las Vegas based gambling operator announced the early termination of that waiting period effective December 28, 2020. In a statement, Caesars also said:

“Caesars continues to progress through obtaining all necessary regulatory approvals required to close the transaction and is still aiming to complete the proposed combination in March 2021.”

Pending Approvals

Caesars Entertainment also revealed on Monday that both the Mississippi Gaming Commission and the West Virginia Lottery have signed off on the petition on November 19 and December 16, respectively.

However, approvals need to be obtained from the remaining gaming commissions of Indiana, Nevada, New Jersey, and Pennsylvania. Similarly, the transaction also requires the approval of the English High Court as well as administrative and post-closing approvals from other U.S. agencies.

Shareholders Approval

Just over a month ago, William Hill shareholders voted to approve its takeover by Caesars Entertainment. 86%of the votes cast were in favor of the $3.7B merger. The shareholders of the British firm accepted the recommended 272p cash offer from Caesars by the requisite majorities, subject to the remaining outstanding regulatory conditions and final approval of the English Court.

William Hill US has more than 170 retail locations across 13 U.S. states and owns 29% of the market share in the United States sports betting industry. Analysts estimate that the merger could add some $2.5B in equity to Caesars which operates a total of 54 gaming properties across 16 states. It currently owns 20% of William Hill USA as a result of a previous deal.

Caesars Completes Sale of Eldorado Shreveport to Bally’s Corp.

Caesars Entertainment Logo
Caesars Entertainment completed its sale of Eldorado Shreveport to Bally’s corporation last week to satisfy the stipulation imposed by the Federal Trade Commission earlier this year after its merger with Eldorado.

The $17.3 merger created the largest gamblig company in the United States. The FTC required the surviving entity to dispose some of its casinos in markets that presented anti-trust issues. In Louisiana, Caesars was to sell Belle of Baton Rogue and Harrah’s Louisiana Downs Casino and Racetrack in Bossier City along with Eldorado Shreveport. The sale of the two other Louisiana casinos are still pending.

Said Caesars CEO Tom Reeg of the sale:

“Since our acquisition of the property 15 years ago, our team members’ passion and commitment have driven our success in Shreveport. We wish all of them continued success under Bally’s ownership.”

Important For Bally’s Corp.

The $140M purchase is important for Bally’s for several reasons. First, it aids the Rhode Island-based gambling company’s geographical diversification efforts, also diversifying its revenue source while diluting the concentration on its home market. The acquisition also enabled Bally’s to enter the 5th largest betting market in the United States, which is expected to boom even more with the approval of sports betting in the state.

After sealing the Shreveport deal, Bally’s now has a total of 11 casinos across seven different states, one horse track, 13 off track betting licenses in Colorado. With still other pending deals waiting to be completed, Bally’s is expected to control 14 gambling properties in 10 different states when all is said and done.

Not The First Buyer

While Bally’s is the company that closed the deal, it wasn’t the first buyer for the Louisiana casino. It can be recalled that last January, Eldorado announced that it would be selling the Shreveport property to Maverick Gaming LLC for $230M. However, that deal collapsed at the height of the coronavirus pandemic.

ERC then struck a deal with Twin River Worldwide Holdings, the predecessor of Bally’s last April. Twin River spent $20M for the control of the Bally name, brand, and intellectual property. Last month, Twin River completed the $25M acquisition of Bally’s Atlantic City. Shares of Bally closed at $49.14 or up by $1.66 after the announcement of the completion of the Shreveport deal.

Eastern Bank of Cherokee Indians To Purchase Caesars Southern Indiana For $280M

Caesars Southern Indiana Casino Image
Caesars Entertainment has entered into an agreement to divest Caesars Southern Indiana to The Eastern Band of Cherokee Indians for $280M. In an announcement, the Las Vegas-based gambling company said that it is extending the Caesars brand to one of its long-time partners.

Said Caesars Entertainment Inc. CEO Tom Reeg:

“Expanding our relationship with the Eastern Band of Cherokee Indians is an exciting event for Caesars Entertainment. Since our partnership began back in 1996, we have admired their growth and the success of their properties.”

The Caesars Southern Indiana opened in 1998 as the Horseshoe Southern Indiana, a riverboat casino on the Ohio River. It became a $90M 100,000 square foot land-based casino in 2019 under Caesars. But after the latter’s $17.3B merger with Eldorado, Caesars was ordered to sell the Indiana casino by December 31st.

Extending Their Long-Standing Relationship

The sale of the Indiana casino is expected to close in the third business quarter of 2021. After the closing of the transaction, Caesars and EBCI will extend their long-standing relationship by entering into a long-term agreement for the continued use of the Caesars brand and Caesars Rewards Loyalty Program at Caesars Southern Indiana.

In addition, the EBCI will enter into a new lease agreement with a year one rental of $32.5M with VICI who maintains the ownership of the real estate. As a result of this transaction, Caesars’ annual payments to VICI Properties under the regional master lease will be decreased by $32.5M.

A Sovereign Nation

J.P. Morgan and Watkins LLP will represent Caesars Entertainment in the sale of the Indiana casino. Meanwhile, Innovation Capital LLC and Brownstein Hyatt Farber Schreck will represent the Eastern Band of Cherokee indians. The transaction is still subject to regulatory approval and other customary closing conditions.

The Eastern Band of Cherokee Indians is a sovereign nation. As such, it has its own laws, elections, government, institutions, and the likes. The own and operate two casinos in North Carolina. The tribe operates two casinos in North Carolina.

$325M Renovation To Transform Harrah’s To Caesars New Orleans

Poker Chip and Roulette and Casino Card Background

The iconic Harrah’s star will be replaced by Caesars’ golden laurel in 2024.

In an announcement last Tuesday, Caesars Entertainment revealed a $325M renovation and expansion that will transform Harrah’s New Orleans to Caesars New Orleans by 2024. The renovation was agreed upon last year as part of the company’s deal with the Louisiana Legislature to extend Caesars’ license to operate the casino until 2054. However, as part of the approval process, it still needs to go through the New Orleans Building Corporation.

Said Caesars Entertainment CEO Tom Reeg:

“We are excited to introduce Caesars New Orleans to the city. As the only land-based gaming operator in the city, we take great pride in our 20-year history in New Orleans, and this reinvestment is a testament to our continued commitment.”

Preliminary Plans

According to Caesars Entertainment, they will add an all-new 340-room hotel tower to the property. Aside from the hotel tower, Harrah’s will get a new carport or “valet porte cochere” at its existing entrance at the intersection of Canal Street and Convention Center Boulevard. New culinary and hospitality offerings will also be introduced within the New Orleans casino. There will also be additional developments in the unoccupied second floor of the New Orleans casino which will be announced later. Per Harrah’s GM Samir Mowad:

“What was shared today is only the beginning of a transformation.”

Caesars Entertainment also said that it wants to offer additional entertainment options aside from gambling at the site. Harrah’s had a 2,200 capacity music venue called Fillmore New Orleans but that venue has been closed since the start of the coronavirus pandemic.

Second Major Project

Caesars’ venture is the second major hospitality-related project to the end of Canal Street. Directly towards the street towards the Mississippi River is the $530M conversion of the former World Trade Center to the upscale Four Seasons hotel and condominium complex which is near its completion. The Las Vegas-based casino group said that the New Orleans project will create 600 jobs during its construction phase and it will employ around 500 full-time jobs once the project is completed in 2024, when its 30-year license renewal begins.

New Orleans Mayor LaToya Cantrell expressed her excitement over the project:

“We are excited that this expansion will mean hundreds of construction jobs during the project and hundreds more in sustainable and new jobs post-construction. The addition of Caesars New Orleans will strengthen our city’s position as the top cultural and entertainment destination city in the nation.”

The merger between Caesars and Eldorado Resorts last July formed the largest gambling group in the United States. The $17.3B takeover process took a year and it included an order from Federal regulators to the merged company to sell several of its casino properties including the Eldorado Casino Resort in Shreveport.

Caesars Entertainment to Sell Belle of Baton Rogue

Louisiana State Flag With a Casino Background
Caesars Entertainment Inc announced on Tuesday that it has reached a definitive agreement to sell the Belle of Baton Rogue to CQ Holdings, Inc.

Caesars owns the operating rights to the Louisiana casino but the property is owned by Gaming & Leisure Properties Inc. Pursuant to the terms of the amended lease agreement with GLPI, Baton Rogue will be removed from GLPI Master Lease and the rent payments to GLPI will remain unchanged. GLIP will retain the ownership of the real estate of Belle of Baton Rogue.

Said Caesars Entertainment Inc. CEO Thomas Reeg in a statement:

“I want to thank all of our Baton Rouge Team Members for their hard work and dedication, especially during the COVID-19 pandemic. We wish them the best under Casino Queen’s ownership.”

Third Casino Sold in Louisiana

The Belle of Baton Rouge is one of the 15 riverboat casinos in the Pelican State. It was operated by Eldorado Resorts, the company which merged with Caesars Entertainment in a massive $17.3B transaction last July. It is currently selling several resorts across different markets to comply with anti-competitive rules brought up by state regulators and the Federal Trade Commission.

In Louisiana, Caesars Entertainment has sold Eldorado Shreveport along with the operations of MontBleu Resort Casino in Lake Tahoe, Nevada to Bally’s Corporation for a combined $155M. It also disposed Harrah’s Louisiana Downs Casino and Racetrack to Rubico Acquisition Corp for $22M. Those two deals are still pending although agreements have been reached.

Fifth Largest Gaming Market

Once the sale of Eldorado Shreveport, Harrah’s Louisiana Downs, and Belle of Baton Rogue are completed, Caesars Entertainment will still have three casinos in the state. Harrah’s New Orleans, which is the only land-based Louisiana casino for now, and two riverboat casinos, namely the Horseshoe Bossier City, and Isle of Capri Lake Charles.

Louisiana is the fifth biggest gaming market in the United States and an key area for several national casino operators at a time when Las Vegas is still sluggish due to the pandemic. Last month, voters in the Pelican state approved legal sports betting by an overwhelming vote. As one of the largest Louisiana casino operators, Caesars is expected to capitalize on that.

Caesars Gets One Year Reprieve For Horseshoe Casino Sale

Casino Roulette Table
The Indiana Gaming Commission has granted Caesars Entertainment more time to sell the Horseshoe Casino in Hammond, Indiana.

On Monday, the IGC unanimously agreed to give Caesars a one-year reprieve to sell the Indiana casino. The commissioners sided with IGC executive director Sarah Tait who opined that selling the Horseshoe Casino right now “presents unique challenges” that include the uncertainty over the gaming expansion in illinois and the effects of the COVID-19 pandemic on the gaming industry in general.

She mentioned the lease agreement on the property as one of the reasons. The rapid expansion of the Illinois gaming market on the Chicago area of the region. Likewise, Trait mentioned the pandemic causing uncertainty in the gaming market.

Per Tait:

“Granting relief regarding divestiture timing is in the best interest of the state and local community, and will not negatively impact operations at the property.”

Complying With IGC’s Stipulations

The Horseshoe Casino is one of three Indiana casinos that the gaming giant must sell to comply with the IGC’s stipulations for El Dorado’s $17.3B acquisition of Caesars. The sales was directed to prevent an “undue economic concentration of the state’s gaming industry following the merger.

Last month, Caesars announced the sale of Tropicana Evansville to Twin River Worldwide Holdings for $480M. Earlier this month, the Eastern Band of Cherokee Indians signed a letter of intent that gives the North Carolina tribal nation a 45-day period to buy Caesars Southern Indiana.

Caesars is retaining Harrah’s Hoosier Park and Indiana Grand. The two racinos are the only properties that are situated less than an hour away from Indianapolis. Aside from that, state legislature has allowed the two tracks to offer table games this year. Caesars is planning to infuse a combined $60M to add more table games to both spots

Biggest Casino in the State

The Horseshoe Casino is the biggest Indiana casino. Located less than a mile from Chicago and the state line of Illinois, it has 2,135 electronic games and 1,105 table positions which are the most by any Indiana casino.

Per the Gaming Commission’s annual report, the Horseshoe Casino generated a revenue of $309.3M during the fiscal year. That amount is $85M more than the income of the second-largest Indiana casino. It also generated $99.8M in taxes which was nearly double the $51.1M paid by the Indiana Grand.

Horseshoe’s $24.9M in local development agreement funding outpaced the next closest Indiana casinos combined. Hotel Lawrenceburg, Tropicana, and Ameristar East Chicago which have a total of $23.1M.

William Hill Shareholders Approve Caesars Entertainment Takeover

Odds Board and MoneyCaesars Entertainment’s proposed takeover of William Hill has been approved by the latter’s shareholders, paving the way for the “historic acquisition” to be completed next year.

In a virtual vote held on Thursday, over 86% of William Hill shareholders accepted Caesar Entertainment’s $3.7B bid for the U.K. bookmaker, subject to the approval of the English court. The number was easily more than the 75% needed to consummate the deal.

Both parties are said to be making progress towards securing all the necessary regulatory requirements needed to close the transaction. According to Caesars, they are expecting to conclude the deal by the end of the second quarter of 2021.

Said Caesars Entertainment CEO Tom Reeg:

“We are pleased to have received William Hill shareholder support for our recommended cash offer. We will continue to work towards satisfying the remaining regulatory conditions and look forward to completing the transaction next year and integrating William Hill US into our Caesars sports betting and iGaming franchise.”

Focus on US Assets

Caesars Entertainment has made it clear that its focus is on William Hill’s U.S. bookmaking business which consists of 170 retail shops in 13 different states. The owners of Caesars Entertainment added that they intend to sell the U.K. bookmaker’s non-US operations, including 1,400 U.K. betting shops.

Last week, GVC Holdings CEO Shay Segov said via Bloomberg that his company is interested in making a bid for William Hill’s UK and European assets. Also reportedly interested in bidding for William Hill’s non-US assets is Apollo Management Corporation which previously backed out of a bidding war with Caesars Entertainment for the entire William Hill business. Apollo is said to be particularly interested in William Hill’s UK business. William Hill’s online revenue in the UK is twice as large as its overseas online income.

Monumental Acquisition

Last September, Caesars Entertainment agreed to a monumental acquisition of the British-based gambling company. The move was aimed at the expansion of its share in the U.S. sports betting industry which has exponentially grown since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act.

Caesars Entertainment currently owns 20% of William Hill’s U.S. operations. Under the current partnership, William Hill  has the exclusive right to operate sports betting under the Caesars brand. Caesars believes that merging the assets of both companies represents a compelling opportunity to improve the offering and experience for their customers.

The Sale of Bally’s AC Has Officially Concluded!

Bally's Atlantic City

Back in April, news broke that Caesars Entertainment was selling Bally’s Atlantic City to Twin River Holdings. It was one of the largest acquisitions for Twin River as a company in its history. New reports claim that the sale of Bally’s AC has now officially concluded.

Twin River is now going by Bally’s name. This company has worked hard to expand around the United States over the past few years. Today, we’re going to talk about what this sale means for Atlantic City moving forward.

Let’s get into it!

Caesars Entertainment Has Undergone Some Major Changes Recently

The name Caesars is synonymous with flashy hotels and casinos. This company was founded back in 1990 and quickly took control over some of the biggest and best gambling venues in the country. Over the past decade, however, the company began seeing large revenue declines.

In 2019, news broke that Eldorado Resorts paid an astounding $17 billion to acquire Caesars Entertainment. It was the largest casino sale in history. As many expected, however, it took more than a year for this deal to go through.

In order to gain approval from state gambling commissions and the SEC, both of these companies needed to make some major changes. Much of that centered around casino sales. Commissions wanted to ensure that this merged company would not form a monopoly.

This merger has been completed and things seem to be running smoothly. Not long ago, the new Caesars purchased Willaim Hill for more than $3 billion. This was done in an effort to break into the fast-growing US sports betting industry.

Caesars has also sold many of its properties recently. To the surprise of analysts, the company allowed Twin River to take control of its Bally’s brand name. Twin River is now known as Bally’s Corporation and is focused on expansion, too.

We’re set to see some big changes with Bally’s casino in Atlantic City sometime in the near future.

The Sale of Bally’s AC Has Finally Concluded!

As we just mentioned, Caesars Entertainment has gone through several major casino sales over the last year and a half. The company announced it was selling Bally’s Atlantic City to Twin River Holdings back in April. This sale was instrumental in Caesars getting its merger approval from the New Jersey Gaming Commission.

A major casino sale like this cannot happen overnight, though. There were several hoops that both Caesars and Twin River (now known as Bally’s Corporation) needed to jump through. Fortunately, this sale has now officially concluded.

The acquisition price for this venue was $25 million. That’s a good deal when considering the venue is situated in one of the country’s biggest gambling destinations. Historically speaking, however, Bally’s Atlantic City is one of the worst-performing casinos in New Jersey.

Officials within Bally’s Corporation are confident they can turn things around. Earlier this month, the company pledged to invest more than $90 million towards renovations for this venue. The goal is to make this the best new gambling venue in the city.

George Papanier, President and Chief Executive Officer of Bally’s Corporation released a statement this week on the final sale of this venue.

“We strongly believe in the potential of the Atlantic City market and are confident that we can restore Bally’s to its former glory,” he said. “We are pleased to close on this transaction, which represents the latest addition in our ongoing portfolio diversification strategy, and look forward to implementing our capital improvement plans to completely renovate the property with first-in-class amenities and offerings. We have a proven track record of implementing strategic initiatives at acquired properties in order to drive growth and revenue improvements, and plan to bring the iconic property to a level not seen in years.”

This is one of the biggest moves for Bally’s Corporation in years. Atlantic City has been improving massively over the years. 2020 has halted much of the progress being made, yet many analysts expect things to recover next year.

New Jersey’s Online Gambling Revenue is Holding Strong

The country’s land-based casino industry has been hurting badly this year. For months, all casinos around the US were completely shut down. Many, including some of the ones in Las Vegas, have remained closed to this day.

New Jersey started allowing its casinos to open again in July. Like casinos in other states, these venues struggled to attract players. As time went on and regulations were lifted, more people began flocking to Atlantic City.

Land-based casino revenue remains low, even with the uptick in tourism. Fortunately, New Jersey has a regulated online sports betting and casino gambling industry. These online gaming platforms are bringing the state some much-needed revenue right now.

New Jersey is proving how valuable these online gambling options can be. In October, for example, the state broke its own all-time revenue record for sports betting and online casino gambling. Many other states are now looking more into the regulation of these gambling options.

Many expect additional regulations to begin hitting the casinos in New Jersey. Earlier this month, Governor Murphy began ordering casino restaurants to close at night. He has warned that if things do not recover, the casinos here may be forced to shut down again. With the sale of Bally’s AC now finalized, everyone hopes that things are better here by the time the venue’s renovation is complete.

Are you excited to see what Bally’s Corporation does to its new casino in Atlantic City? Do you think the casinos in New Jersey will need to shut down again? Let us know in the comments section below!

The Opening Date of the Rio Las Vegas Has Been Revealed!

Rio Las Vegas

It’s been nearly eight months since the casinos across Nevada were shut down. Incredibly, some of the casinos here are still closed to the public. New reports indicate that the opening date of the Rio Las Vegas has been scheduled for December 22nd!

This is the last Caesars-owned Las Vegas property still shut down. Many fans of this venue are excited to see it up and running again. Today, we’re going to discuss what is being planned for the Rio.

Let’s get into it!

Las Vegas Officials Are Still Working Hard to Boost Tourism Numbers

Every city around the US has been affected by the events in 2020. Perhaps none have seen their economies hit quite as hard as Las Vegas. When the casinos shut down back in March, this city saw much of its economy completely come to a halt.

Las Vegas is known for its gambling and entertainment industry. It’s a city that relies on tourism in a major way. A huge percentage of the workforce in Las Vegas are involved in the tourism industry in one way or another.

In June, the casinos here began opening back up. Tourism rates slowly began to increase once again. As more venues reopened, tourism rates increased. These numbers are still significantly lower than what was seen in 2019, though.

The casino companies here continue to struggle. As a result, many have been forced to close for certain days of the week. The Encore Las Vegas and Park MGM are both shutting down for multiple days every week until further notice.

Officials here are working hard to increase tourism numbers. Unfortunately, many analysts predict that the upcoming winter months will lead to a major drop in tourism figures. Some even worry we could see another casino shutdown like the one back in March.

It’s a difficult time for casino operators. We’re now hearing when one of the most beloved casinos in Las Vegas will reopen to the public.

Caesars Offers Update on the Opening Date of the Rio Las Vegas

When most people think of Las Vegas, they imagine the Strip and all of the world-class casino-resorts featured here. As many know, however, some of the best gambling properties in the city are based away from the Strip. That includes the Rio Hotel and Casino on West Flamingo Road.

This venue, owned by Caesar Entertainment, closed its doors in March. Interestingly, it’s remained closed to the public since that time. Fans of this property have been asking for an update from Caesars Entertainment for years.

In early November, officials at Caesars claimed this property would reopen to the public before the end of 2020. This week, we received another update on the opening date of the Rio Las Vegas. Caesars claims it will finally begin accepting guests again on December 22nd.

Caesars president and chief operating officer Anthony Carano released a statement to the media about this situation to the media this week.

“We recognize the incredible effort it has taken to reopen our resorts and get us to this important milestone, and we look forward to welcoming our Team Members and Guests back to Rio with their health and safety still top of mind,” Carano said. 

It’s big news for Caesars. This company has been working hard to expand this year. Hopefully, the Rio manages to help boost tourism in Las Vegas.

Are More Casino Shutdowns on the Horizon?

It was incredible to see the country’s land-based casino industry completely shut down in March. This had never been done before and it had a huge number of unintended consequences. Some feel we’re heading towards another shutdown situation in the near future.

Cases of Covid-19 have been increasing around the country for weeks. Health experts across different states are trying to figure out the best approach to this situation. Casino companies are eagerly waiting to see what takes place.

Most agree that mass casinos could be devastating for the industry. Places like Las Vegas and Atlantic City are still struggling now with casinos open. If tourism stops in these places again, these cities may not recover for years.

Many casino companies are taking different approaches to increase revenue. Some have been adjusting hours to cut down on costs. Others, like Caesars, are working to break into the newly-emerging US sports betting market.

Casinos are still in uncharted waters. Even now, casinos remain closed. We’ll continue offering updates on the state of this industry over the next few months.

Are you excited to hear about the opening date of the Rio Las Vegas? Do you plan on visiting Las Vegas before the end of the year? Let us know in the comments section below!